Ether's Record Run Is Set For A Pause, 3 Charts Suggest
ndtv.comEther was about $160 below its November 10 all-time high of $4,866.
New Delhi: Technical indicators suggest the rally in Ether, the second-largest cryptocurrency, is due a breather after a record-breaking run.
The native token of the Ethereum blockchain is up more than six-fold this year, topping Bitcoin's 127% rise amid speculative fervor for digital assets. Upgrades to the Ethereum network and its popularity for so-called decentralized financial services and digital collectibles also boosted Ether demand.
The virtual currency was about $160 below its November 10 all-time high of $4,866 as of 2:10 p.m. in Singapore on Monday.
Ether has consolidated in the last few days and the longer term view is bullish, according to Vijay Ayyar, head of Asia
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